This year the average teacher will lose over 30% of their life income
to taxes and up to 40% if you live in a state with additional 8-10% state
taxes. Tax losses at 15% to 27% per year make great tax returns for
IRS!
Most individuals pay taxes by April 15 and think they are done with
taxes until the same time next year, wrong. In reality, to reduce
the amount of taxes you will be paying out next year, you must start tax
planning this year. Alleviate excessive payments in taxes to "Uncle
Sam" and pay yourself first.
Taxes should be the first obstacle alleviated when striving to become
debt-free and financially independent. Assistance with tax planning
can be provided by completing and submitting the short form above or call
Client Services at 1-888-565-7171.